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Textile And Garment Industry Will Benefit From Consumption Upgrading

2011/12/8 8:46:00 16

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Brand Of Textile And Garment Industry

Textile in 2012

Garment industry

Will benefit from consumption upgrading, urbanization process, and in 2012

brand

Clothing business revenue growth may be slower than in 2011, but the gross profit margin can be strong.

From the perspective of market segmentation, China's subdivision

market

There is a big gap between the industry leader and foreign industry leaders.

There is no ceiling problem in terms of scale expansion and market concentration. There is broad potential for development and growth.

On the one hand, home textile enterprises enjoy tremendous growth in the industry along with the advancement of urbanization and the upgrading of consumption. On the other hand, due to the brutal growth of the industry as a whole, they are not yet mature, and there is a challenge of competition intensification and industry development.

At the same time, home textile enterprises are actively adjusting their industrial structure and turning to domestic sales, increasing the added value in the value chain and enhancing the competitiveness of enterprises.

The leisure clothing sector is rising steadily, and the gross profit margin still has room for improvement.

The first three quarters of the leisure apparel sector's operating income grew by 37.15% over the same period, higher than the 23.67% growth rate of the apparel home textile sector.

With the effective control of domestic inflation and the fall of China's cotton price index, the gross profit margin of garment industry is expected to rise, profitability will be improved, operating profit will grow rapidly, and the growth rate in the future is expected to exceed the level of the first 3 quarters of 2011.

With the development of economy and the increase of residents' purchasing power, China's clothing consumption shows great potential for development.

In 2010, China's per capita GDP reached 4397 US dollars, and at the same level of exchange rate, according to the compound growth rate of nearly ten years, to 2012, China's per capita GDP will exceed 5000 US dollars, and the time to reach US $10000 will be 2017, and the time to reach US $20000 will be 2022. The trend of rapid development of China's garment industry will continue for ten years, and China will also become the most potential clothing and consumer market in the world.

According to the forecast that next year CPI will enter the fall process and the CPI will fall to "3" in 2012, the operating income of the brand clothing listed companies in the clothing sub industry market in 2012 will be obviously slowed down next year, especially in the first half of the year, so overall, the whole industry's investment opportunities mainly lie in the switch of valuation and the industry's "overweight" rating.